Interest Only Mortgages – FSA Makes Move To Protect Homeowners
Abbey recently stated that over 25% of homeowners decide to take out an interest-only mortgage. It's not hard to see why – the monthly payments are significantly less, just look at this example based on a 25 year £125,000 mortgage at 5%. The interest only mortgage will cost £525 per month - but the repayment mortgage is £735 per month – an additional £210 a month – that's a lot of money!
At the root of the issue are the first time buyers – they simply can't afford the rep...
Why Buy Pre Foreclosures?
What is pre foreclosures and what they can be profitable for the property investor?
Choosing a Stockbroker
It is true that even though you can choose your own investments you must still use a stockbroker to execute the orders. You do not have to rely in their advice though it may be helpful.